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Dogecoin’s Next Move : Breakout Or breakdown ? The Dogecoin is going through a decisive phase. For several days, its price has fluctuated around $0.33, a key level that draws the attention of analysts and investors. This threshold rests on a major support line, seen as a barrier against a potential deeper correction. So far, DOGE has been holding, but for how much longer? According to Trader Tardigrade, a closely followed analyst, the crypto might be in the process of finalizing a “selling climax bottom”, a technical structure that often precedes a bullish reversal. However, if this scenario is confirmed, it would mark the end of the correction and pave the way for a significant rebound. Meanwhile, whales are massively accumulating tokens, which strengthens the hypothesis of an imminent recovery. For DOGE, the stakes are high: preserving its support and triggering a bullish momentum before the market changes direction. Dogecoin Clings to Its Key Support Line The Dogecoin is currently in a critical phase where buyers and sellers are vying for a key level. After briefly dropping below $0.27 in December, its price quickly rebounded. Thus, it formed a structure that Trader Tardigrade described as a “selling climax” in a post on X (formerly Twitter) on January 10, 2025. This technical pattern, often observed before a bullish reversal, indicates an exhaustion of sellers and a gradual return of buying pressure. Currently, DOGE is fluctuating around $0.336, a level identified as a strategic pivot point. According to the analyst, the crypto is undergoing a “secondary test”, a crucial step that allows for the assessment of the support located at $0.315. Indeed, if this zone withstands attempts to break it, it could serve as a springboard for a bullish recovery. In this case, a renewed confidence from investors could enhance the positive momentum and pave the way for a new rally in the coming sessions. #DOGECOİN #DOGE #Memecoins #cryptomarket #Cryptonews
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Dogecoin’s Next Move : Breakout Or breakdown ?
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What’s in Donald Trump’s Last Cryptocurrency Wallet Before He Takes Over? “Memecoin Paradise” New Bitcoin-friendly US President Donald Trump, whose presidential inauguration ceremony on January 20 is eagerly awaited by cryptocurrency followers, has a large amount of assets in his known cryptocurrency wallets. Trump also owns a significant amount of memecoins, according to data provided by Arkham Intelligence. However, it is not known whether the new President owns Bitcoin or how much BTC he has. Existing cryptocurrency wallet addresses on the Ethereum network are closely monitored by the community. Here are the cryptocurrencies owned by Donald Trump, according to onchain data: TROG – $8.61 millionTRUMP – $1.66 millionETH – $1.61 millionWETH – $1.55 millionGUA – $538,000TRUMPIUS – $176,000TUA – $128,000RIO – $74,000USACOIN – $49,000INJ – $35,000 However, it should not be forgotten that the assets other than ETH among the cryptocurrencies in question were sent to Trump by the developers of these altcoins, and were not purchased by Trump. A significant portion of the ETH comes from sales of Trump’s NFT collection, which he launched a while ago. #Trump #cryptocurrencies #Crypto #cryptomarket #Cryptonews
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What’s in Donald Trump’s Last Cryptocurrency Wallet Before He Takes Over? “Memecoin Paradise”
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Re-Accumulation and RSI Trends Fuel Altcoin Market’s Long-Term Growth Potential Altcoin market cycles show consistent growth, marked by double-bottom formations, re-accumulation phases, and RSI momentum shifts. Re-accumulation phases in 2016, 2020, and 2024 signal structural bottoms, highlighting the market’s long-term growth potential. Historical patterns emphasize that altcoin market growth consistently follows higher lows and breakout trends after consolidation. The altcoin market capitalization reveals consistent cyclical patterns, reflecting accumulation, consolidation, and growth phases. From 2015 to 2024, the market exhibits recurring trends, marked by double-bottom formations and strategic re-accumulation phases. These cycles emphasize the market’s long-term growth potential, overshadowing short-term volatility. Cyclical Patterns Drive Market Dynamics In 2015, the altcoin market reached a structural base through a double-bottom pattern with higher lows. This accumulation phase transitioned into re-accumulation in 2016. Consolidation during this period preceded a strong upward breakout, resulting in substantial market cap growth. Similarly, between 2018 and 2019, the market repeated the double-bottom structure, establishing another bottom. This pattern led to a re-accumulation phase in 2020, followed by a rally. Market capitalization surged during this period, mirroring the 2015-2017 cycle. The 2022-2023 period showcased yet another double-bottom pattern, affirming the structural bottom of the market. Consequently, 2024 entered a re-accumulation phase, indicating potential for another breakout. The yellow-shaded areas on the chart highlight these periods of consolidation. RSI Momentum Supports Trends The Relative Strength Index (RSI) further validates these cycles. In 2015, the RSI hit its lowest point during accumulation. It then surged alongside the market breakout. A similar pattern emerged in 2018-2020, as RSI momentum increased after re-accumulation. #Altcoins #cryptocurrencies #cryptomarket #Crypto #Cryptonews
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